#BinanceAlphaAlert #MarketTrends
$BTC Bitcoin surged to an all-time high of $105,000 this week, defying early volatility and broader market jitters over Moody’s U.S. debt downgrade. Analysts credit the rally to renewed institutional confidence, with risk assets rebounding sharply. Leading crypto ETF issuer BlackRock forecasts a 35% upside for BTC, citing rising institutional inflows and anticipation of Fed rate cuts in 2024.
“Bitcoin’s resilience reflects its growing role as a hedge against macroeconomic uncertainty,” said BlackRock’s CEO. Altcoins followed suit, with Ethereum and Solana gaining 12% and 18%, respectively. Meanwhile, spot Bitcoin ETFs recorded $1.2B in net inflows this week, signaling robust demand.
Experts warn of short-term pullbacks but remain bullish long-term, with Bitcoin’s halving and regulatory clarity fueling optimism.